Benzinga | Jul 29, 2020 05:27PM EDT

Transocean: Q2 Earnings Insights

Shares of Transocean (NYSE:RIG) rose 1.47% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 100.00% year over year to ($0.00), which beat the estimate of ($0.27).

Revenue of $930,000,000 rose by 22.69% year over year, which beat the estimate of $773,880,000.

Looking Ahead

Transocean hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Technicals

52-week high: $7.28

Company's 52-week low was at $0.76

Price action over last quarter: Up 71.09%

Company Profile

Transocean commands one of the largest deep-water and ultra-deep-water fleets in the world. Its rigs operate globally, but the major deep-water basins are in West Africa, Brazil, and the Gulf of Mexico. Transocean's customers tend to be national oil companies, independents, and international oil companies.